TRADE WARS - INDO DAILY

'Procedural issues' delaying Sri Lanka debt deal: IMF

Jun 14, 2024 (AFP)

The Washington-based lender of last resort this week gave Sri Lanka the latest tranche of a rescue package designed to help repair the island nation's ruined fi...

Kenya's Ruto seeks G7 support in global finance reform

Jun 14, 2024 (AFP)

African countries, facing mounting debt costs and a dearth of funds, have been demanding more equitable distribution of resources to better tackle poverty, cope...

Asian stocks build on Wall St records after US inflation data

Jun 13, 2024 (AFP)

The weaker-than-expected May consumer price index marked a second successive month of slowing -- to a more than three-year low -- and boosted optimism that the ...

Germany warns of 'trade war' over EU's China EV tariffs

Jun 12, 2024 (AFP)

"The European Commission's punitive tariffs hit German companies and their top products," German Transport Minister Volker Wissing said on X, formerly Twitter. ...

China consumer prices up in May, factory deflation persists

Jun 12, 2024 (AFP)

The consumer price index rose 0.3 percent on-year in May, unchanged from the increase recorded in April and the fourth straight month in positive territory, acc...

Asian markets stutter ahead of US releases, Europe bounces

Jun 12, 2024 (AFP)

The euro continued to struggle on political uncertainty in Europe fuelled by shock EU election results, though the bloc's equities rebounded after two days of l...

Asian markets stutter as investors fret ahead of US releases

Jun 12, 2024 (AFP)

While a surge in Apple helped Wall Street reach another record, investors are growing increasingly nervous that the US central bank will hold off on cutting bor...

Chinese Premier Li to visit Australia as trade ties warm

Jun 11, 2024 (AFP)

Li's four-day trip, which begins Saturday, comes after Beijing lifted most of the trade barriers it had imposed several years ago on Australian exports includin...

Chinese developer Dexin ordered to liquidate by Hong Kong court

Jun 11, 2024 (AFP)

The decision comes as Beijing tries to shore up the industry, which accounts for a huge portion of the world's number two economy and is causing a headache for ...

Asian markets mostly down ahead of Fed, US inflation data

Jun 11, 2024 (AFP)

After an upbeat run last week driven by signs of an easing in the labour market and economy, Friday's forecast-busting non-farm jobs report provided a dose of r...

French bosses fear far right's vague economic plans

Jun 11, 2024 (AFP)

Federations are treading lightly with their public comments, aware that they could be sitting across the table from National Rally (RN) ministers if the party s...

Huthi rebels say they attacked three ships off Yemen's coast

Jun 09, 2024 (AFP)

The strikes are the latest in a flurry of attacks by the Iran-backed rebels who have been harassing ships in the Red Sea and the Gulf of Aden since November in ...

China probes top exec at state investment firm for corruption

Jun 09, 2024 (AFP)

Xu Zuo, vice president at China Citic Group, is "suspected of serious disciplinary and legal violations", the Communist Party's Central Commission for Disciplin...

The unexpected origins of a modern finance tool

Jun 09, 2024 (SPX)

But in 1626, Durham officials found a formula for fees that tenants would accept. If tenant farmers paid a fee equal to one year's net value of the land, it ear...

Missile strikes cargo ship off Yemen: security firm

Jun 08, 2024 (AFP)

"The ship was heading southwest along the Gulf of Aden at a speed of 8.2kts when the forward station was struck by a missile. A fire started but was neutralised...

China FM to attend BRICS meeting in Russia next week: ministry

Jun 07, 2024 (AFP)

Wang will meet with other foreign ministers for talks "on issues of common concern such as BRICS cooperation and current and regional situations", Chinese forei...

China's Xi hails Brazil ties as VP Alckmin visits Beijing

Jun 07, 2024 (AFP)

Beijing is the South American country's top trading partner, exceeding $180 billion in each-way trade in 2023, with semiconductors, phones and pharmaceuticals d...

China exports jump in May but imports slow: customs

Jun 07, 2024 (AFP)

Overseas shipments surged 7.6 percent on-year in dollar terms, the General Administration of Customs said -- much better than April's 1.5 percent and also beati...

Asian markets swing as traders eye major US jobs report

Jun 07, 2024 (AFP)

The mood on trading floors has ebbed and flowed for weeks as dealers try to read the tea leaves on the Fed, with the latest data suggesting the labour market wa...

Asian markets track Wall St record as US jobs fuel rate cut hopes

Jun 06, 2024 (AFP)

Worries about the world's top economy sparked by a below-par factory gauge earlier this week appear to have been superseded by renewed optimism that an extended...